6 New IPOs for the Week of August 4

Francis Gaskins |

IPO, IPO report, IPOs, upcoming IPOs, small-cap stocks, stocks to buy nowFull IPO calendar & reports HERE. In order of largest IPO first. 

(1) Based in Chicago, IL, Ryerson Holding ($RYI) scheduled a $203 million IPO on the NYSE with a market capitalization of $592 million at a price range midpoint of $18.50 for Thursday, August 7, 2014.

RYI believes it is one of the largest processors and distributors of metals in North America measured in terms of sales, with global operations in North America, China and Brazil. RYI’s industry is highly fragmented with the largest companies accounting for only a small percentage of total market share.

(2) Based in Hamilton, HM 11, Bermuda,Hoegh LNG Partners LP ($HMLP) scheduled a $192 million IPO on the NYSE with a market capitalization of $263 million at a price range midpoint of $20 for Thursday, August 7, 2014.

Carve-out from Höegh LNG Holdings Ltd. (Oslo Børs symbol: HLNG), a leading floating LNG service provider.

(3) Based in Houston, TX,Independence Contract Drilling ($ICD) scheduled a $150 million IPO on the NYSE with a market capitalization of $341 million at a price range midpoint of $15 for Thursday, August 7, 2014.

ICD provides land-based contract drilling services for oil and natural gas producers targeting unconventional resource plays in the United States.

(4) Based in Shenzhen, China,iDreamSky Technology ($DSKY) scheduled a $100 million IPO on the Nasdaq with a market capitalization of $554 million at a price range midpoint of $13 for Thursday, Aug. 7, 2014.

DSKY is the largest independent mobile game publishing platform in China based on the number of active users in 2013, according to the Analysys Report.

(5) Based in Houston, TX,Green Bancorp ($GNBC) scheduled a $75 million IPO on the Nasdaq with a market capitalization of $407 million at a price range midpoint of $16 for Friday, August 8, 2014.

GNBC is a Texas focused bank holding company headquartered in Houston, Texas. GNBC’s wholly owned subsidiary, Green Bank, N.A., a nationally chartered commercial bank, provides commercial and private banking services primarily to Texas based customers through twelve full service branches in the Houston, Dallas and Austin MSAs.

(6) Based in Lexington, MA,T2 Biosystems ($TTOO) scheduled a $64 million IPO on the Nasdaq with a market capitalization of $288 million at a price range midpoint of $16 for Thursday, August 7, 2014.

TTOO an in vitro diagnostics company that has developed an innovative and proprietary technology platform that offers a rapid, sensitive and simple alternative to existing diagnostic methodologies.

 

 

 

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
GNBC Green Bancorp Inc. 12.90 0.10 0.78 62,441
HMLP Hoegh LNG Partners LP representing Limited Partner 17.45 -1.70 -8.88 2,221,622
RYI Ryerson Holding Corp 14.75 0.20 1.37 285,243
DSKY iDreamSky Technology Limited n/a n/a n/a 0
TTOO T2 Biosystems Inc. 5.27 -0.19 -3.48 94,104
ICD Independence Contract Drilling Inc. 6.30 0.28 4.65 414,670
ENB.PR.B:CH Enbridge Inc. cumulative redeemable preference sha n/a n/a n/a n/a

Comments

Emerging Growth

Sack Lunch Productions Inc

Sack Lunch Productions Inc is an entertainment company. The Company, through its subsidiaries, is engaged in event management, production service, film production and distribution services.

Private Markets

GoCoin

Blockchain currencies (e.g. Bitcoin) provide a new disruptive way to transfer value between parties over the internet as opposed to going through banks. GoCoin provides online merchants with a suite…

Lyft

Lyft matches drivers using their own personal vehicles with passengers who request rides through the smartphone app, and the passengers pay automatically through the app. When using Lyft, passengers have…